Except that it isn't reality. The Odroid (Exynos/Mali400) easily beats the Optimus3D (SGX540) and Atrix 4G (Tegra2), and it's pushing a lot more pixels. Taking that into account, the Odroid even outbenches the iPad2 (SGX543) by 6%, making the Mali400 the king in mobile land in performance/pixel.
Keep in mind that the Odroid also pushes a lot more pixels than the SGS2 will, and the SGS2 will be clocked even higher. Often GPU clock is dependent on CPU clock, so...
I haven't seen benches for the new Qualcomm offering, but I don't really expect them to beat the Mali400 - not even sure if we should expect them to match the Tegra2 really.